Place/Date: China - November 23rd, 2017 at 6:59 pm UTC · 2 min read
Contact: Irma Fekete, Source: HitBTC
Today HitBTC has offered a step up for its advanced traders by introducing “over-the-counter” (OTC) markets in partnership with Extendeddealer.com, a service with proven expertise in producing deep liquidity for OTC deals.
Such partnership between a major exchange and an expert OTC trading company is unprecedented. Bringing together the clienteles of both platforms opens up broader possibilities for all participants, allowing to reach out to tens of thousands of traders globally.
“HitBTC is excited to facilitate large scale transactions for our traders by introducing OTC markets, especially as we are confident about the liquidity provided by our partner Extendeddealer.com” – notes the platform’s product manager Paul Clarkson. “Our traders have been anticipating this opportunity and buyers and sellers are already actively setting up deals”.
OTC trading exists outside of centralized exchanges, as suggested by the title. Trades are performed directly between the two parties according to the reached agreement. The price of the trade is agreed upon between the buyer and seller and the trade stays off the public order books, not influencing the market value of an asset.
HitBTC is the global innovative trading platform with multi-currency support, high liquidity and low fees, operating since 2013. Aiming to stay at the forefront of crypto world, they list promising ICOs and popular tokens every week. Provided with rapid powerful API and outstanding matching core engine, HitBTC traders are able to significantly enhance their trading experience.